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CAONNorth BayPinewood245 Mattawa St
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245 Mattawa St, North Bay, ON

Real Estate

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12811

MLS® X12411450

  • Key Facts
  • Description
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Key Facts

Type Multi Family
Levels Residential
Size -
Garage Yes
Taxes $15,533
Lot Size 
Approx. Age 
MLS® Number X12411450

Property Address: 245 Mattawa St, North Bay, ON, P1B4M2

Average square foot calculated using Size range provided by listing agent.

Description

Turnkey Investment opportunity with main floor 3 commercial/industrial units plus 5 residential apartments fully updated and turn key. Zoned M-2, this building has seen numerous upgrades to each residential unit plus a fire retrofit inspection 2024, updated hot water boiler in 2017. Residential apartments are 2x3 bedrooms and 3x2 bedrooms, all of which have seen large renovations and updates including kitchens, bathrooms, flooring, lighting, trim, 4 built in all in one laundry machines and most windows. The 3 commercial industrial units are 2075 Sqft, 1700 sqft and 700 sqft with high ceilings and 3 grade loading doors. Whole building is gas hot water and tenants rents are all inclusive except for the hydro cost. Actual Income and expense sheet available including management fees on the residential units, vacancy and maintenance allowances. Other supporting documentation upon request, legal non conforming building, Gross Income $175113 with Net income $115, 928 and a Cap Rate of 7.73 including vacancy, utilities, taxes, maintenance and a 7% property management line. A detailed income and expense statement is available, additional supporting documentation provided upon request.Show Description
MLS® NumberX12411450
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age
BasementPartial Basement
DrivewayGarage Type:Built-In
Garage Spaces
Heat
A/C
Heating Fuel

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245 Mattawa St, North Bay, ON

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